_________is a systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.Question 2Answera.Economic planningb.Financial planningc.Strategic planningd.Physical planning

Strategic Planning is systematic process of envisioning a desired future, and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.Question 2Answera.true\'b.FALSE\'c.sured.unsure

10. Strategic planning is ___________. A. long term planning B. medium term planning C. short term planning D. annual planning

Strategic planning can be defined asMultiple Choicean action plan to achieve specific long-term goals and objectives.how each functional area will achieve its specific goals and objectives.an action plan to achieve specific operational and tactical goals.a procedure for allocating resources to appropriate functions in the organization.taking big risks to maximize current period benefits.

Strategic planning:Question 18Select one:a.does not provide a workable solution and does not meet the stated objectives.b.is long range planning to set organizational goals, objectives, and policies to determine strategies, tactics, and programs for achieving them.c.is a one time plan developed for a single occasion or purpose.d.cannot be adapted to a change in the situation

Identify the best definition of planning.Choices:- An integrated process in which plans are formulated, carried out and controlled. Setting an organisation's objectives and the means of reaching them. The core activity of planners and planning departments. Devising ways of achieving the objectives of an organisation.